Status
Active
Place
Evansville, IN, 47714
Type
Apartments
Program
221(d)(4) new construction or substantial rehabilitation
Apartments
119
First endorsed
Dec 18, 2024
Original loan
$7,200,000
Interest rate
5.90%
Term
480 months
Maturity
May 1, 2066
Monthly payment
$39,115
Balance
$7,200,000
Held by
Merchants Capital Corp., Carmel, IN
Serviced by
Merchants Capital Corp., Carmel, IN
Financing
Tax-exempt bonds
Tax credits
Includes low-income housing tax credits

The balance is HUD's own amortization-schedule figure, assuming every payment is made on time. It can differ from a servicer's statement. Terminated loans carry no balance. HUD names the current holder and the current servicer of each loan, not the lender that made it. A loan that was sold shows under its buyer, so a company's balance here is what it holds or services today.

HUD project number 07335817. Source: HUD Insured Multifamily Mortgages ↗. Property and loan facts only.